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To: silverleaf; dragonblustar; y6162; Texas Fossil; All
who is going to pay this new agency chief and his staff? congress? or obama

With all the legislation that has been passed, that many have not bothered to read, how do we know if this isn't already paid for or funding set aside?

Power of the purse. No money, no agency. The Kenyan lizard cannot spend money not allocated by congress.

Congress has the power of the purse strings..... Simply defund the entire department. He can appoint all he wants, but where will the funds come from?

Unfortunately, this CFPB is the brainchild of the Marxist Elizabeth Warren who was the driving force and presumed nominee for Director's position, and who is now running for Senate in MA against Scott Brown.

She and other leftists in the administration anticipated your plan of attack (Congressional funding and accountability of the standalone agency) so, they imbedded it into the Fed, with "independent" funding through the Fed mechanism and no future accountability to Congress or President. All was done inside of the monstrous Dodd-Frank Act.

That's why the entire Bureau should be de-established / de-authorized, because it is simply a model for destruction without any public accountability, in the name of consumer "protection" - as if the courts, many other public or private agencies or the laws of competition don't already provide it.

Talk about something truly "unconstitutional"! Some of the more eloquent Presidential candidates (e.g., Newt Gingrich) might want to take up this issue in their campaigns and/or the next Presidential debate, to give it a loud public voice.

How to fight this? Relatively easy. The House Committee can call the hearings on the nomination, and invite or subpoena Richard Cordray. During the hearing he should be asked if he knows that his appointment to the position is illegitimate - because he has not been confirmed by the Senate, as required by the law. If he says he doesn't know, he would be lying, but at least he will be heretofore "informed" of it. If he says he does know it, then trying to execute the duties of the Director will make him in violation of "impersonating a public official" laws and "contempt of Congress" and subject to arrest and imprisonment (until Obama rescinds his "recess" appointment).

This would be playing by Queensbury rules (hitting the glass jaw of an opponent who keeps trying to hit below the belt) and can make a playbook for the future, so this could be the last time President will try something like this.

From The Danger of an Unaccountable 'Consumer-Protection' Czar | Why should one person have sweeping powers over the economy? - WSJ, by Richard Shelby (R-AL), 2011 July 21

How the Bureau came into existence an the whys and hows of its structure:

From Fight Over Consumer Agency Looms as Overhaul Is Signed - WSJ, by Damian Paletta, 2010 July 22

There are a lot of financial and other "consumer" institutions in MA who don't like what Elizabeth Warren has wrought and how underhanded the process was and how "stealthy" (funding, accountability etc.) this "government non-agency" is.

Scott Brown can make this an issue in his campaign against Warren. Presidential candidates can make this an issue against Obama.

141 posted on 01/04/2012 4:15:57 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

Thanks for that explanation of how we got here.

And the suggestions of how the GOP might deal with it.

The use of it as a weapon during the upcoming campaign is smart. We are about to witness the dirtiest and most underhanded efforts by the left. They know we are on to their tricks and they will do ANYTHING to survive and say in power.

It is our duty as citizens to destroy these enemies of the nation we all love.

151 posted on 01/04/2012 7:39:51 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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